RealReal (NASDAQ:REAL) Hits New 52-Week High Following Analyst Upgrade

The RealReal, Inc. (NASDAQ:REAL) shares hit a new 52-week high on Tuesday after Northland Securities raised their price target on the stock from $6.50 to $12.50. Northland Securities currently has an outperform rating on the stock. RealReal traded as high as $9.78 and last traded at $9.31, with a volume of 890400 shares. The stock had previously closed at $9.25.

A number of other equities research analysts have also recently weighed in on the company. UBS Group upped their price target on RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Wells Fargo & Company raised RealReal from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $4.00 to $15.00 in a report on Monday, December 9th. Finally, Northland Capmk upgraded RealReal to a “strong-buy” rating in a research report on Monday, September 16th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $7.38.

Insider Buying and Selling at RealReal

In other news, CAO Steve Ming Lo sold 96,666 shares of RealReal stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $6.10, for a total transaction of $589,662.60. Following the completion of the sale, the chief accounting officer now directly owns 391,525 shares in the company, valued at $2,388,302.50. The trade was a 19.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 9.78% of the stock is owned by insiders.

Institutional Trading of RealReal

Hedge funds have recently bought and sold shares of the company. Barclays PLC lifted its stake in shares of RealReal by 306.7% during the 3rd quarter. Barclays PLC now owns 136,262 shares of the company’s stock worth $428,000 after purchasing an additional 102,759 shares during the period. Geode Capital Management LLC increased its stake in RealReal by 2.0% in the third quarter. Geode Capital Management LLC now owns 2,293,855 shares of the company’s stock valued at $7,204,000 after purchasing an additional 44,716 shares during the last quarter. XTX Topco Ltd purchased a new position in RealReal during the third quarter worth about $63,000. Wexford Capital LP acquired a new stake in RealReal in the 3rd quarter worth about $942,000. Finally, State Street Corp grew its holdings in RealReal by 22.3% in the 3rd quarter. State Street Corp now owns 1,701,387 shares of the company’s stock valued at $5,342,000 after buying an additional 310,116 shares during the period. Institutional investors and hedge funds own 64.73% of the company’s stock.

RealReal Trading Down 10.0 %

The company has a market cap of $938.95 million, a price-to-earnings ratio of -9.73 and a beta of 3.09. The stock’s 50 day moving average price is $4.86 and its 200 day moving average price is $3.72.

RealReal Company Profile

The RealReal, Inc operates an online marketplace for resale luxury goods in the United State. The company offers various product categories, including women's fashion, men's fashion, jewelry, and watches. It primarily sells products through online marketplace and retail stores. The company was incorporated in 2011 and is headquartered in San Francisco, California.